Corrects originally headline which indicated that 30 sectors of the S&P 500 were lower rather than 11.
The S&P 500’s main sectors were all trading sharply lower midday Thursday, highlighting the depth of a decline in equity markets. The 11 sectors of the S&P 500
were all down by as much as 1%, with financials
and energy sectors
down by at least 3.5%, leading the drop. The move comes as investors have been sensitive to signs of an economic slowdown that could upend a multiyear bullmarket and longstanding expansion in the U.S. Tumbling crude-oil prices
also have been spotlighted as a sign of those worries, since oil prices tend to fall sharply when expectations for demand drop. The Dow Jones Industrial Average
and the Nasdaq Composite Index
also were trading sharply lower on the day. Both stock and bond markets were closed on Wednesday to mark a national day of mourning for George H.W. Bush, the U.S.’s 41st president, who died at 94.
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